Usdcadsignals
USD/CAD - Short the Pair Next Week
USDCAD is trading in a long-term bearish trend.
At the end of June, the market started a correctional movement,
after it successfuly completed a bearish impulse.
Analyzing the price action, it feels like the correction is finally over.
I expect a bearish movement next week.
Target Level - 1.3135
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buying opportunity in USDCAD -fundamentally we have a strong USD compared to CAD
considering the banking crisis stabilizing and predicting a higher chance for a soft landing for the fed
-on the technical side :
we have reached a a key level in the Daily and the 4H timeframes ,
RSI divergence in 5\15min timeframes,
double bottom break in the 15min timeframe
USDCAD Turning into a buy.The USDCAD pair hit last week the Higher Lows trend-line from the June 08 2022 Low and rebounded but yesterday the mini rise stopped on the 1D MA50 (blue trend-line). A 1D candle closing above the 1D MA50 will be a buy signal, targeting 1.38500 (below Resistance 1). If instead it closes below the 1D MA200 (orange trend-line) and naturally the June 2022 trend-line, wait for a lower price to buy, closer to Support 1.
The strongest buy signal would be a 1D MACD Bullish Cross. In more than a year, it hasn't failed to deliver a Higher High.
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USDCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
20 Reason For sell USDCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye:
2:📆Monthly:
3:📅Weekly:
4:🕛Daily:
😇7 Dimension analysis
🟢 analysis time frame D1:
5: 1 Price Structure: bearish
6: 2 Pattern Candle Chart: long wick. descending triangle
7: 3 Volume: Bearish is more than bullish
8: 4 Momentum UNCONVENTIONAL Rsi: Range shift from bullish bearish and bearish divergence also here within three candles
9: 5 Volatility measure Bollinger bands: M pattern and start squeeze
10: 6 Strength ADX: bullish yet
11: 7 Sentiment ROC: USD is weaker CAD
✔️ Entry Time Frame: H4
12: Entry TF Structure: bearish
13: entry move: impulsive
14: Support resistance base REsistence upper high:
15: FIB: trigger event is occurred
☑️ final comments: there is a head-fake at BB; overall view is strongly bearish
16: 💡decision: sell
17: 🚀Entry: 1.3763
18: ✋Stop losel: 1.3819
19: 🎯Take profit: 1.3086
20: 😊Risk to reward Ratio: 1:3
🕛 Excepted Duration: 2 days
USDCAD Multi-week sideways opportunityThe USDCAD pair topped back in October and has turned sideways inside a Rectangle pattern since the November 15 Low. With the 1D MA50 (blue trend-line) used as the Pivot, the 1D MACD indicator can offer a confirmed buy and sell entry when it makes a Bullish and Bearish Cross respectively. Notice when Support 1 was created (previous High turned into Low), hence we project Support 2 to be around 1.30750.
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USDCAD Resistance test and then Sell.The USDCAD couldn't have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs):
As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above its 1D MA50 (blue trend-line) and based on the fractal, as long as it stays above the 1D MA50, it will approach the 1.39860 High. A Double Top there, will confirm all previous three sequences which got rejected on their previous High and hit at least the 1D MA200 (orange trend-line). The max extension on that pull-back is the 0.786 Fibonacci retracement level.
Notice how the RSI Higher Lows trend-line offers Support and the best buy entry in the past 12 months.
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USDCAD for short at resistance level.USDCAD is trading at resistance level of Ascending channel pattern. According to chart pattern analysis we might see USDCAD o downside towards the support level as shown in chart.
trade with stop loss and own capital risk management system
views/opinions are welcome to disucss.
USDCAD |New perspectiveThe USD/CAD appears to be doing a recovery from the weekly low as the price bounces off the key level identified on the daily timeframe around the C$1.32000 area. So, I have identified two key levels which we shall be using as a yardstick for trading activities in the new week, and these levels are situated at C$1.32000 and C$1.3500. The coming week is laced with major market-moving economic releases, both from the US and Canada; the fundamental backdrop from these events will be anticipated by participants in this market as the price remains within a critical juncture above the C$1.32000 level and hence warrants some detailed understanding of the current structure before positioning ourselves for any trading opportunity.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD
USDCAD is now quite BUY. This is because OIL is slightly WEAK, CAD is WEAK and USD is slightly UP with RETAIL SALES being POSITIVE. Also, MARKETS RISK has been ON again due to this reason. But this time US CPI data was NEGATIVE. The FOMC OUTLOOK was also very NEUTRAL. So now USD is very WEAK. But now with US YEILD getting a good CORRECTION, USD is moving UP.
USDCAD MARKET is currently DOWN due to US DATA and UPDATES being NEGATIVE and MARKET SENTIMENT being RISK ON. We think it will go up to the 1.3810 level before going down again. Also, with this MARKET RISK ON SENTIMENT, the USDCAD PRICE can SELL to the 1.2800 LEVEL in the future.
In any case, there will be an opportunity to SELL USDCAD up to 1.3000 LEVEL. We wait until the DOWN TREND CONTINUES. MONDAY may be RISK ON again according to MARKET UPDATES. So follow the given STRUCTURE. It is seen that the OVERALL MARKET SENTIMENT has become POSITIVE.
USDCAD 1D MA50 the key. Buy above, sell below.The USDCAD couldn't have confirmed our bearish view more than a month ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price's Higher Highs):
As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price is below its 1D MA50 (blue trend-line) inside a Channel Down. The minor rise since November 11, could do the most important medium-term test, the 1D MA50. A closing above the 1D MA50 will turn the pair bullish again targeting the 1.39860 High. As long as the price remains below it though, the strategy remains sell on such rebounds, targeting the 1D MA200 (orange trend-line), which should land within the 0.618 and 0.786 Fibonacci retracement level, which was where the Lows of October 21 2021 and January 13 2022 where made (previous divergencies).
Notice that if the 1D MACD completed the Bullish Cross that has started to be formed today, this is consistent with all prior Higher Lows since May 2021 and will favor a bullish break-out.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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USDCADYou can wait for price to pull back up to 1.350 before selling and placing your stoploss just directly on the resistance @ 1.3540. And your TP1@ 1.3353, TP2 @ 1.3153
If the resistance breaks @1.3540 you can change you bais to BUY
For the buys ; if the resistance @ 1.3540 breaks and price continues to trade above that level you can go long from 1.3540 to 1.3700
Then from 1.3700 expect the drop back down
USDCAD possible sell zone!!USDCAD 4h, After NFP release USDCAD has changed it's uptrend to downtrend on the lower timeframe. As the price has broken down with a strong momentum, currently the price retracing to the previous resistance turned support. It is highly likely price will test the 20EMA on the 4h and will bounce off. Upon rejection a sell trade is high probable targeting monthly support level.